Shares of Murphy Oil Co. (NYSE:MUR) have been given a consensus rating of “Hold” by the seventeen research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $29.69.
Several equities research analysts have weighed in on the company. Scotiabank downgraded Murphy Oil from an “outperform” rating to a “sector perform” rating in a report on Tuesday, November 12th. Howard Weil lowered Murphy Oil from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, November 13th. BMO Capital Markets initiated coverage on Murphy Oil in a research note on Monday, September 30th. They issued an “outperform” rating and a $27.00 price objective for the company. UBS Group lowered their price objective on Murphy Oil from $29.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Finally, ValuEngine upgraded shares of Murphy Oil from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd.
Shares of MUR stock traded down $1.41 during trading on Thursday, hitting $26.47. 220,065 shares of the stock traded hands, compared to its average volume of 1,770,276. Murphy Oil has a 52-week low of $17.04 and a 52-week high of $31.13. The firm has a market capitalization of $4.38 billion, a P/E ratio of 20.98 and a beta of 2.14. The firm’s fifty day moving average price is $25.77 and its 200-day moving average price is $22.65. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.23 and a quick ratio of 1.14.
Murphy Oil (NYSE:MUR) last posted its earnings results on Thursday, October 31st. The oil and gas producer reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.14. The company had revenue of $817.08 million during the quarter, compared to analysts’ expectations of $701.64 million. Murphy Oil had a return on equity of 3.21% and a net margin of 47.16%. The firm’s quarterly revenue was up 66.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.02) earnings per share. As a group, equities research analysts expect that Murphy Oil will post 1.06 earnings per share for the current year.
In related news, SVP Thomas J. Mireles sold 1,368 shares of Murphy Oil stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $24.64, for a total transaction of $33,707.52. Following the completion of the transaction, the senior vice president now directly owns 20,000 shares of the company’s stock, valued at $492,800. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Christopher D. Hulse sold 4,301 shares of Murphy Oil stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $24.44, for a total value of $105,116.44. Over the last three months, insiders sold 9,654 shares of company stock valued at $240,941. Insiders own 6.46% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. State Street Corp increased its holdings in Murphy Oil by 1.4% during the 3rd quarter. State Street Corp now owns 5,873,867 shares of the oil and gas producer’s stock worth $129,871,000 after purchasing an additional 80,571 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Murphy Oil during the 3rd quarter worth approximately $2,701,000. California Public Employees Retirement System increased its holdings in shares of Murphy Oil by 14.0% during the 3rd quarter. California Public Employees Retirement System now owns 303,706 shares of the oil and gas producer’s stock worth $6,715,000 after acquiring an additional 37,332 shares during the last quarter. Colony Group LLC acquired a new position in shares of Murphy Oil in the third quarter valued at $275,000. Finally, Morgan Stanley raised its position in shares of Murphy Oil by 9.0% in the second quarter. Morgan Stanley now owns 60,075 shares of the oil and gas producer’s stock valued at $1,482,000 after purchasing an additional 4,979 shares during the period. 94.95% of the stock is owned by institutional investors.
About Murphy Oil
Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, and internationally. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964.
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